Can I retire at age 54 with 658,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$54,337$53,853$53,381$52,920$52,470$51,201
2 years$26,900$26,399$25,913$25,442$24,986$23,715
3 years$17,755$17,252$16,767$16,301$15,852$14,619
4 years$13,183$12,682$12,202$11,744$11,306$10,121
5 years$10,441$9,943$9,470$9,021$8,594$7,460
6 years$8,614$8,119$7,653$7,214$6,800$5,718
7 years$7,309$6,818$6,360$5,931$5,531$4,500
8 years$6,331$5,845$5,393$4,975$4,588$3,609
9 years$5,570$5,089$4,645$4,238$3,864$2,935
10 years$4,962$4,485$4,050$3,653$3,292$2,413
11 years$4,465$3,993$3,565$3,179$2,831$2,001
12 years$4,051$3,584$3,164$2,789$2,454$1,670
13 years$3,701$3,239$2,827$2,462$2,140$1,401
14 years$3,402$2,944$2,540$2,185$1,876$1,181
15 years$3,142$2,689$2,293$1,949$1,651$999
16 years$2,915$2,468$2,079$1,745$1,460$848
17 years$2,715$2,273$1,892$1,568$1,294$721
18 years$2,538$2,100$1,727$1,413$1,151$615
19 years$2,379$1,946$1,581$1,277$1,026$525
20 years$2,236$1,808$1,451$1,156$916$449
21 years$2,107$1,685$1,335$1,050$820$385
22 years$1,990$1,572$1,230$954$735$330
23 years$1,884$1,471$1,136$869$660$283
24 years$1,786$1,378$1,050$793$593$243
25 years$1,696$1,293$973$724$534$209
26 years$1,614$1,215$902$662$481$179
27 years$1,537$1,144$838$606$433$154
28 years$1,467$1,078$779$555$391$133
29 years$1,401$1,017$725$509$353$114
30 years$1,339$960$675$467$319$98
31 years$1,282$908$629$429$288$85
32 years$1,229$859$587$394$261$73
33 years$1,178$813$548$363$236$63
34 years$1,131$771$512$334$214$54
35 years$1,087$731$479$307$194$47
36 years$1,045$694$448$283$175$40
37 years$1,006$659$419$261$159$35
38 years$968$626$393$240$144$30
39 years$933$596$368$221$131$26
40 years$900$567$345$204$119$22
41 years$868$539$323$188$108$19
42 years$838$514$303$174$98$17
43 years$809$490$285$161$89$14
44 years$782$467$267$148$80$12
45 years$756$445$251$137$73$11
46 years$731$424$236$126$66$9
47 years$707$405$221$117$60$8
48 years$685$387$208$108$55$7
49 years$663$369$196$100$50$6
50 years$642$353$184$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $658,000, adding $5,700 every year, while hoping to spend $25,273 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/26/24 Blend
53$658,000$658,000$658,000$658,000
54$730,996$696,122$685,923$762,353
55$778,667$703,341$682,011$791,971
56$830,354$710,068$677,121$821,133
57$886,439$716,250$671,193$852,314
58$947,343$721,834$664,166$885,717
59$1,013,530$726,762$655,974$921,565
60$1,085,509$730,972$646,548$960,105
61$1,163,841$734,400$635,817$1,001,610
62$1,249,143$736,975$623,707$1,046,383
63$1,342,093$738,624$610,138$1,094,758
64$1,443,438$739,269$595,030$1,147,105
65$1,554,000$738,825$578,295$1,203,834
66$1,674,685$737,204$559,845$1,265,396
67$1,806,489$734,313$539,585$1,332,291
68$1,950,507$730,051$517,418$1,405,072
69$2,107,948$724,312$493,240$1,484,351
70$2,280,140$716,984$466,945$1,570,802
71$2,468,546$707,949$438,420$1,665,171
72$2,674,779$697,080$407,548$1,768,284
73$2,900,613$684,243$374,207$1,881,050
74$3,148,001$669,297$338,269$2,004,476
75$3,419,096$652,091$299,600$2,139,675
76$3,716,268$632,467$258,061$2,287,874
77$4,042,127$610,257$213,505$2,450,430
78$4,399,547$585,283$165,780$2,628,840
79$4,791,695$557,357$114,729$2,824,758
80$5,222,060$526,279$60,184$3,040,011
81$5,694,482$491,839$1,973$3,276,616
82$6,213,195$453,815$0$3,536,799
83$6,782,859$411,970$0$3,838,421
84$7,408,610$366,056$0$4,170,332
85$8,096,106$315,810$0$4,535,071
86$8,851,579$260,955$0$4,935,997
87$9,681,895$201,196$0$5,376,811
88$10,594,617$136,224$0$5,861,598
89$11,598,080$65,711$0$6,394,859
90$12,701,465$0$0$6,981,558
91$13,914,887$0$0$7,630,228
92$15,249,491$0$0$8,364,433
93$16,717,557$0$0$9,172,139
94$18,332,612$0$0$10,060,798
95$20,109,564$0$0$11,038,624
96$22,064,836$0$0$12,114,664
97$24,216,525$0$0$13,298,888
98$26,584,570$0$0$14,602,282
99$29,190,942$0$0$16,036,949
100$32,059,847$0$0$17,616,228